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Mutinda, Mary Wanza (University of Manchester, 2009)[more][less]
Abstract: This paper presents an empirical analysis of a hybrid model for capturing the dynamics of the spot prices of electricity, and contingent claims thereof. The dynamics of the spot price process are captured as a sum of a deterministic price-demand transform and an Ornstein-Uhlenbeck stochastic component. From the tests on stability of parameters and recovery of the price process for in-sample and out-of-sample data, the model is shown to perform well. Closed form formulas for forward contracts are also presented using the market price of risk arguments. The parameter for market price of risk, λ , is estimated based on the convergence assumption i.e. the forward prices converge to the spot price experienced for the given future time. The estimated λ however fails the stability test indicating statistically significant changes in the value over time. In particular λ shifts from the expected negative value in seasons of high demand and variability (winter and summer) to indicate a value attached by the market for holding the forward contract; to positive values in low demand and variability seasons (spring and autumn) to indicate an net cost for holding the forward contract given the difficulty in storability of electricity relative to the almost assured production to meet demand. A discussion is also presented on the model performance as compared with other models defined for the UK market. URI: http://www.e-library.strathmore.edu/xmlui/handle/123456789/925 Files in this item: 1
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Mukoma, Catherine; Njoroge, George Gitau (Moi University, 2007)[more][less]
Abstract: It is becoming increasingly apparent that academic libraries will no longer be able to meet information needs of their users using the traditional library services due to diminishing government funding, increased number of academic programs and the ever increasing number of users. Yet the demand for information appears undiminished. The Internet is an untapped channel that libraries can use to supplement already existing library services. The study explored Internet awareness, frequency and reasons of use and perception of the users towards traditional library services as compared to the Internet so as to set a platform for establishing future trends in library services. A modified model (D’Elia and Rodger, 2000) was used based on the Chepkoilel campus community use of the library and use of the Internet. They defined the segments of this market as follows: Segment 1) People who use the library but do not use the Internet; Segment 2) People who use the library, and Internet; Segment 3) People who do not use the library, and do not use the Internet; Segment 4) People who do not use the library but use the Internet. The survey was conducted through the use of self administered questionnaires. The results indicates that there is need to develop appropriate and complementary services in the library that will incorporate traditional library services and emerging services that have been made possible by the rapid new developments in ICT. Training is suggested as an appropriate means of enabling library staff to run and manage a digital library and also assist and teach students and staff on how to efficiently and effectively use the internet. But widespread usage of this powerful information resource depends not only on the innovativeness of the library but more on the efforts made by the university management to promote its access, advantages and ease of use. URI: http://hdl.handle.net/123456789/722 Files in this item: 1
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Mutinda, Mary Wanza (University of Manchester, April , 2009)[more][less]
URI: http://hdl.handle.net/123456789/940 Files in this item: 1
KENYA CAPITAL MARKET INTERGRATION.pdf (765.1Kb) -
Naituli, Gitile; Kronlof, David Olof (AAU 12th General Conference, May 4, 2009)[more][less]
URI: http://hdl.handle.net/123456789/1270 Files in this item: 1
Rethinking university education.pdf (68.92Kb)
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